# PPP loan: SCHUKEI CHEVROLET, INC.
> **$325K** approved 04/07/2020 · Paid in Full · Loan `6980527010`
## Borrower
- **Name:** SCHUKEI CHEVROLET, INC.
- **Address:** 721 S MONROE AVE, MASON CITY, IA, 50401-5042
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Rent:** $30K
- **Utilities:** $15K
- **Health care:** $20K
- **Jobs reported:** 29
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*